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bitcoin is accurately smelling trouble right now.

the US is going to have to inject some of that sweet sweet liquidity soon and print a ton of money or else their fiat empire goes kaboom

With BTC dumping and Gold hitting ATH, it's hard to apply common sense to any of it.

Is this what happens before the bubble pops? It's watch and see I guess.

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the market still (incorrectly) views bitcoin as a risk asset, so it does make sense